TENNESSEE Final Exam Xcel Solutions Questions With Complete Solutions When a person returns to work after a period of total disability but cannot earn as much as he or she did before the disability, this situation is called which of the following? - Correct Answers ✅Residual disability Which of these statements is INCORRECT regarding a Preferred Provider Organization (PPO)? - Correct Answers ✅PPO's are NOT a type of managed care systems Which of the following would be a likely candidate for disability income insurance on a key employee? - Correct Answers ✅Company executive An underwriter determines that an applicant's risk should be recategorized due to a health issue. This policy may be issued with a(n) - Correct Answers ✅extended Contestable period T files a claim on his Accident and Health policy after being treated for an illness. The insurance company believes that T misrepresented his actual health on the initial insurance application and is, therefore, disputing the claim's validity.The provision that limits the time period during which the company may dispute a claim's validity is called - Correct Answers ✅Free-look 1 / 3
TENNESSEE Final Exam Xcel Solutions Questions With Complete Solutions Dental care coverage is designed to cover the costs of all of
the following EXCEPT: - Correct Answers ✅Loss of income
If an individual is covered under an Accidental Death Policy and dies, an autopsy can be performed in all these situations,
EXCEPT: - Correct Answers ✅When the state prohibits this
by law When does a Probationary Period provision become effective in a health insurance contract? - Correct Answers ✅At policy's inception The Commissioner notifies the association of an insolvent insurer no later than __ days after receiving notice of the insurer's insolvency. - Correct Answers ✅3 All of the following are considered to be typical characteristics describing the nature of an insurance
contract, EXCEPT: - Correct Answers ✅Bilateral
Which of the following BEST describes a short-term medical expense policy? - Correct Answers ✅Nonrenewable In health insurance policies, a waiver of premium provision
keeps the coverage in force without premium payments: -
Correct Answers ✅After an insured has become totally disabled as defined in the policy 2 / 3
TENNESSEE Final Exam Xcel Solutions Questions With Complete Solutions R becomes disabled and owns an individual Disability Income policy. When is R eligible to receive disability benefits? - Correct Answers ✅Upon satisfying the elimination period requirement T applied for a Disability Income policy and has a history of back injuries. The insurer issued the policy with a statement that excludes coverage for back injuries. This statement is called a(n) - Correct Answers ✅impairment rider When an insurance application is taken by a producer, which of these statements is true? - Correct Answers ✅Any changes made on the application require the applicant's initials Insurance contracts may be sold, solicited, or negotiated by an insurance producer ONLY upon - Correct Answers ✅becoming an appointed producer of an insurer D the agent met with a prospect and ended up selling an insurance policy. While filling out the insurance application, D
makes a mistake. In this situation, D, MUST: - Correct
Answers ✅correct the information and have the prospect initial the change
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